Shaking up the logistics industry by building a community of truck drivers

Is Kargo the Uber with trucks? Not quite AIRBNB threatens the hospitality industry without owning a single hotel; Uber disrupts the taxi industry without owning a car. In Myanmar, Kargo, a logistics start-up, aims to shake up the highly-fragmented logistics industry without owning a single truck. In an interview, George Oliver, the start-up’s chief business […]

Yangon government to clamp down on renting apartments to foreign tourists

Yangon landlords will face penalties if they rent rooms or apartments to foreigners holding a tourist visa, U Zaw Aye Maung, the military-appointed region minister for immigration, told The Myanmar Times. By-laws written for Myanmar’s 1947 Immigration Act stipulate that foreign visitors on a tourist visa must stay in hotels, he said. Only permanent residents and […]

Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project

NEW YORK & SAN FRANCISCO & WASHINGTON & YANGON, Myanmar–(BUSINESS WIRE)–The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well […]